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Marigold Corp. reported net income of $193,200 for 2022. Marigold also reported depreciation expense of $41,700 and a loss of $5,100 on the disposal of
Marigold Corp. reported net income of $193,200 for 2022. Marigold also reported depreciation expense of $41,700 and a loss of $5,100 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $16.400 for the year, a $18.400 increase in accounts payable, and a $3,400 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a-signe.g. -15,000 or in parenthesise.g. (15,000).) Marigold Corp. Statement of Cash Flows (Partial) - Indirect Method Cash Flows from Operating Activities Net Income OT 193200 Adjustments to reconcile net income to Cash Flows from Operating Actvitles 41700 Loss on Disposal of Plant Assets 5100 Increase in Accounts Recevable 16400 Increase in Accounts Payable 18400 Increase In Prepaid Expenses 3400 85000 Net Cash Provided by Operating Activities 278200
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